"With Emmanuel Macron's widely expected victory now confirmed markets can relax about European politics for at least a few weeks," wrote Timothy Graf, strategist at State Street Global Markets.

"It is supportive short-term news for risky assets and the euro."

The upbeat mood after French election results helped shield Hong Kong from bearishness in China, where the benchmark stock index closed at near seven-month lows amid deepening fears over tighter regulations.

Most sectors rose, with consumer and energy firms among the biggest gainers. (Reporting by the Shanghai Newsroom; Editing by Sherry Jacob-Phillips)